1. Smart Money Trends in Connected Vehicles Panel
Multimodal Transportation
TiECon Midwest 2016

2. AN INCREASINGLY MULTIMODAL WORLD
Increasing Urban Density
Global pop.: 7.4 billon today → 9.3 billion 2050 (+26%)
+ Urbanization rate: 52% today → 67% 2050 (+29%)
= Urban pop.: 3.8 billion today → 6.2 billion 2050 (+63%)
Changing Consumer Behaviors
70% of millennials are multimodal → convenience / pay per use, etc.
Smartphones change the experience → easy payments, access to real-time information / maps, maintaining a digital connection while moving, etc.
Urban density makes traditional auto transportation less attractive → greater vehicle ownership costs
More “mobility-as-a-service” models → Consumers becoming more utilitarian, more focused on freedom

3. BREAKTHROUGHS & REMAINING CHALLENGES
Technology is Stepping in to Solve Individual Pain Points
Multimodal mapping
On-demand transit
First-mile / last-mile TNC integrations for transit
Bike sharing proliferation
And many more…
Challenges
But Many Challenges Continue to Exist
Agencies still playing “catch up” / not organized to be data & technology organizations
Lack of technology standardization and interoperability
And many more…

4. FIVE PREDICTIONS FOR FIVE YEARS FROM NOW…
Public Transit Isn’t Going Away in Major Markets…
Transit in some smaller dispersed cities may be replaced by TNCs (and potentially subsidized by the city), but will continue to exist in major cities
However, Transit will Need to Evolve…
More demand response
More flexible routes driven by greater rider intel
More Transportation Options for Specific Use Cases
Event shuttles
Commuting transportation
Bikes / scooters / AVs / etc.
Greater Degree of Interoperability
Someone will develop an open platform capable of integrating and organizing the various transit technology vendors
Multimodal Smart Ticketing… ???
The holy grail: journey planning meets multimodal smart ticketing (a universal ticket for all modes). Hopefully, some progress will be made on this front